Are Multiple📑Offers Back?
Bidding wars are taking a strange turn in the fall housing market...
Cooler weather historically means a cooling off period in the housing market, but that is not the case this fall. After dropping to the lowest level in eight years, bidding wars are creeping back.
In September, 11% of offers written by Redfin, a national real estate brokerage, faced a bidding war. That is down dramatically from 41% a year ago, but up from the 10% reading in August.
CNBC PUBLISHED 10.8/19 9:58 AM EDT UPDATED TUE, OCT 8 20191:18 PM EDT